What is the iron (iron ore) trading price in Western Australia today? — Simple guide for a 13-year-old

I can’t fetch live prices, but here’s a clear, step-by-step guide for a 13-year-old on how to find today’s iron (iron ore) trading price in Western Australia and how to convert it into AUD.

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Short answer: I can’t look up real-time prices right now. But below I’ll explain exactly what people mean by “iron price,” where to find the live price, and how to convert it into Australian dollars (AUD) with a clear example.

  1. Decide which "iron" you mean

    People usually trade iron ore (rock that contains iron metals) rather than pure iron. The most common benchmark is called the "62% Fe iron ore" price (this means the ore contains about 62% iron). Prices are normally given in USD per dry metric tonne and often quoted on a CFR China basis (cost, insurance and freight to China).

  2. Where to find the live price

    Use trusted market sources. Some places to check:

    • Fastmarkets / S&P Global Platts / Argus / Metal Bulletin — these publish iron ore benchmark prices (some content is behind a paywall).
    • Financial news services: Bloomberg or Reuters (they show commodity quotes and market headlines).
    • General finance pages: Google Search (search "iron ore 62 price today"), TradingView, or market-data sections of major news sites.
    • Company reports and ASX pages (BHP, Rio Tinto, Fortescue) — these show company share prices and sometimes commentary about commodity conditions, but not a direct spot price for ore.
    • Exchange-rate sites (XE, OANDA) or the Reserve Bank of Australia for the current USD → AUD rate.
  3. Understand the local angle (Western Australia)

    Most iron ore exported from Western Australia (Pilbara region) is sold on global markets and priced relative to international benchmarks (so prices you find will likely be quoted in USD/tonne). To get a WA-specific price you may need to add or subtract local freight and port charges, but most quoted daily benchmark prices already reflect typical freight to major buyers (e.g., CFR China).

  4. How to convert the quoted price into AUD

    Steps to convert:

    1. Find the iron ore price in USD per tonne (from a market source).
    2. Find the current USD → AUD exchange rate (for example, 1 USD = X AUD from XE, OANDA, Google or the RBA).
    3. Multiply: price_in_AUD = price_in_USD × (AUD per 1 USD).

    Example (hypothetical numbers):

    If iron ore = USD 100 per tonne and exchange rate = 1 USD = 1.50 AUD, then:

    100 USD/tonne × 1.50 AUD/USD = 150 AUD/tonne

    This gives the price in AUD per tonne (you may also want to consider tax, port, or rail costs for a truly local WA landed price).

  5. Quick checklist to get today’s WA price right now
    1. Open Google (or your preferred browser) and search: "iron ore 62% price today" or "iron ore price 62% Fe".
    2. Note the price and the units (usually USD/tonne and whether it’s CFR China).
    3. Search "USD to AUD" to get the current exchange rate.
    4. Multiply the USD price by the AUD-per-USD rate to get AUD/tonne.
  6. If you want, I can help convert

    Copy the current iron ore price you find (e.g., "USD 120/tonne") and paste it here along with the USD→AUD rate you see (or say "use current rate") — I’ll show the conversion step-by-step.

Final note: Because I can’t access live internet data right now, I can’t give today’s exact AUD price. But if you paste the USD price you find, I’ll convert it for you and explain any other parts you don’t understand.

If you’d like, I can also walk you through one of the websites step-by-step while you look at it on your screen.

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